Ballarat offers a materially higher gross yield (4.4% vs 3.7%), making it the stronger income candidate at current prices. Both markets carry similar cashflow positions under current yield and interest rate assumptions. Vacancy conditions favour Tamworth (1% vs 1.5%), indicating tighter rental demand relative to supply.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Ballarat VIC · #31 | Tamworth NSW · #25 |
|---|---|---|
| Gross Yield | 4.4% | 3.7% |
| Vacancy Rate | 1.5% | 1% |
| Median Price | $580k | $640k |
| Weekly Rent | $490/wk | $453/wk |
| Net pre-costs pa | $-4,680 | $-9,724 |
| Cashflow | Negative | Negative |
| Rent Growth 12m | +4.5% | +4.8% |
| Price Growth 12m | +5% | +6.2% |
| NG Dependence | High | High |
| Discovery Status | Known | Unknown |
| Population | 117k | 42k |
| Cycle Stage | Mid | Early |
| Policy Impact | ◆ NEUTRAL | ▼ DOWNGRADED |
| Signal Score | 50 / Tier 3 | 53 / Tier 3 |
4.4% yield is below cashflow-positive threshold but offers population scale (117,000), transport links (1hr to Melbourne CBD), and the best asset liquidity in the VIC set. Federation University provides student rental demand. Included as the defensive, lower-risk option.
Tamworth is the primary service hub for north-west NSW — regional hospital, government services, and agricultural supply chains. The Country Music Festival is a tourism asset but the investment case rests on structural residential demand. At $640k and $453/wk, gross yield is 3.7% — price growth has significantly outpaced rent growth, turning what was an affordable high-yield market into a negative cashflow investment at current entry prices.
CoreLogic VIC Q1 2025 · REI Victoria Ballarat Q4 2024 · SQM Research · Federation University enrolment data 2024 · Ballarat City Council population projections
Data vintage: Q1 2025
realestate.com.au + PRD Q1 2026 Tamworth. Median house price $630k–$650k range. Data quality: imported.
Data vintage: 2026
The interactive tool lets you add up to 4 suburbs for a full side-by-side breakdown with score components.
Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.